1999 Federal Tax Rates Single Taxpayer If the amount on Form 1040, line 39, is: Over ... But not over ... Enter on Form 1040, line 40 of the amount over ... $0.00 $25,750.00 ----------- 15% $0.00 25,750.00 62,450.00 $3,862.50+ 28% 25,750.00 62,450.00 130,250.00 14,138.50+ 31% 62,450.00 130,250.00 283,150.00 35,156.50+ 36% 130,250.00 283,150.00 --------- 90,200.50+ 39.6% 283,150.00 Tim Worker estimates his taxable income will be $19,000.00. He is paid twice a month or 24 times a year. Because Tim has only one source of income, he uses the Tax Tables to estimate how much will be deducted from his pay for withholding. Complete the table. (Use a thousands comma where applicable and answer in dollar and cents.) Finds the tax rate for his income level: % Enters the base amount: $ Enters the amount of tax owed: $ Divides by to get $